What are the current top MYGA rates? There is no single winner — a five-year lock and a two-year lock are different products, and a quarter point on a large premium is real money. The September 2026 snapshot below ranks the highest published guaranteed crediting rate at each standard term.
Local Life Agents compares MYGA illustrations across 30+ A-rated carriers on the same premium, state, and issue assumptions before clients fund a contract. Product availability varies by state — confirm your illustration before you apply.
Key Takeaways
- Five-year lead. Wichita National Security 5 quotes 6.25% at a $10,000 minimum on this sheet.
- Ten-year match. Revol One DirectGrowth 10 also quotes 6.25% — the long lock now matches the five-year headline.
- Three-year tie. Revol One and Wichita both quote 5.85% at $10,000+.
- Term is the product. Mixing a seven-year MYGA with a five-year MYGA is not a fair rate comparison.
- Not a bank CD. MYGAs are insurance contracts with tax-deferred growth and state guaranty backing — not FDIC deposits.
Current Top MYGA Rates by Term
We compiled the highest published guaranteed crediting rate at each standard term from carrier rate sheets verified August 31, 2026, then ranked carriers within each term by rate and minimum premium. The summary table is the snapshot; the term sections below show the top five.
September 2026 MYGA Rate Comparison — Methodology
Local Life Agents compiled MYGA rate data by reviewing carrier rate sheets and verifying published guarantees through our live quoting platform. Tables show the top five carriers by guaranteed crediting rate at each term length, with minimum premium bands as listed on the rate sheet. Rates change without notice; this page is educational, not an offer to sell insurance.
- Data source
- Local Life Agents live quoting platform
- Carriers
- 30+ A-rated carriers
- Date range
- August 31, 2026 (September 2026 publication)
- States
- All 50 states (product availability varies)
The table below ranks the top guaranteed rate at each standard term.
| Term | Top guaranteed rate | Example carrier / product |
|---|---|---|
| 2 years | 5.15% | CL Life — CL Sundance 2 ($20,000+) |
| 3 years | 5.85% | Revol One — DirectGrowth 3 ($10,000+) |
| 4 years | 5.60% | Oceanview — Harbourview 4 Mid Band ($70,000+) |
| 5 years | 6.25% | Wichita National — Security 5 ($10,000+) |
| 6 years | 6.00% | American Gulf — Anchor MYGA 6 ($10,000+) |
| 7 years | 6.15% | Revol One — DirectGrowth 7 ($10,000+) |
| 10 years | 6.25% | Revol One — DirectGrowth 10 ($10,000+) |
What Affects MYGA Rates?
MYGA rates are set by the guarantee period you pick, the premium band you fund, and the state where the contract is issued. Rank carriers only after those three match.
- Guarantee period — longer terms sometimes pay more, sometimes less, depending on the rate curve.
- Premium size — carriers often publish rate bands; larger deposits may credit higher yields.
- State of issue — filings differ; the same carrier can show different rates in different states.
- Interest-rate environment — Treasury and corporate bond yields flow through to new MYGA filings over time.
- Carrier portfolio strategy — two A-rated issuers can diverge on the same term when one is gathering deposits.
2-Year MYGA Rates
Two-year MYGAs on this sheet cluster just above 5%. CL Life leads; several carriers sit a few basis points behind at higher minimums.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| CL Life | CL Sundance 2 | $20,000+ | 5.15% |
| Axonic Insurance | Waypoint 2 MYGA High Band | $100,000+ | 5.10% |
| GBU Life | Asset Guard Select 2 Low Band | $25,000+ | 5.05% |
| GBU Life | Asset Guard Select 2 High Band | $100,000+ | 5.05% |
| Oceanview Life | Harbourview 2 Mid Band | $70,000+ | 5.05% |
3-Year MYGA Rates
Three-year MYGA rates on this snapshot are led by Revol One and Wichita at the same guaranteed yield. Heartland sits just behind with a lower minimum.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Revol One Financial | DirectGrowth 3 | $10,000+ | 5.85% |
| Wichita National | Security 3 | $10,000+ | 5.85% |
| Heartland National | Secure Rate Pro 3 | $5,000+ | 5.80% |
| Revol One Financial | DirectGrowth 3 Enhanced Death Benefit | $10,000+ | 5.75% |
| Revol One Financial | DirectGrowth 3 Free Partial Surrender | $10,000+ | 5.75% |
4-Year MYGA Rates
Four-year MYGA rates are led by Oceanview on this sheet. Oxford and Nationwide follow at different premium bands.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Oceanview Life | Harbourview 4 Mid Band | $70,000+ | 5.60% |
| Oceanview Life | Harbourview 4 High Band | $100,000+ | 5.60% |
| Oxford Life | Multi-Select 4 | $20,000+ | 5.50% |
| Nationwide | Secure Growth 4 High Band | $100,000+ | 5.35% |
| Clear Spring Life | Preserve MYGA 4 High Band | $100,000+ | 5.30% |
5-Year MYGA Rates
Five-year MYGA rates are the term most savers shop. Wichita leads this snapshot; rider versions of the same series quote slightly less.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Wichita National | Security 5 | $10,000+ | 6.25% |
| Revol One Financial | DirectGrowth 5 | $10,000+ | 6.15% |
| Heartland National | Secure Rate Pro 5 | $5,000+ | 6.10% |
| Wichita National | Security 5 w/ 10% Free Withdrawal Rider | $10,000+ | 6.10% |
| Wichita National | Security 5 w/ Enhanced Death Benefit Rider | $10,000+ | 6.10% |
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6-Year MYGA Rates
Six-year MYGA rates on this sheet are led by American Gulf. Oxford and Oceanview fill the next slots at higher minimums.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| American Gulf | Anchor MYGA 6 | $10,000+ | 6.00% |
| Oxford Life | Multi-Select 6 | $20,000+ | 5.85% |
| Oceanview Life | Harbourview 6 Mid Band | $70,000+ | 5.75% |
| Oceanview Life | Harbourview 6 High Band | $100,000+ | 5.75% |
| Sagicor Life | Milestone Max MYGA 6 High Band | $75,000+ | 5.75% |
7-Year MYGA Rates
Seven-year MYGA rates are led by Revol One on this snapshot. Heartland and Wichita sit a few basis points behind.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Revol One Financial | DirectGrowth 7 | $10,000+ | 6.15% |
| Heartland National | Secure Rate Pro 7 | $5,000+ | 6.10% |
| Wichita National | Security 7 | $10,000+ | 6.10% |
| Revol One Financial | DirectGrowth 7 Enhanced Death Benefit | $10,000+ | 6.05% |
| Revol One Financial | DirectGrowth 7 Free Partial Surrender | $10,000+ | 6.05% |
10-Year MYGA Rates
Ten-year MYGA rates on this sheet match the five-year headline. Revol One occupies three of the top five rows with different rider configurations.
| Carrier | Product | Min premium | Guaranteed rate |
|---|---|---|---|
| Revol One Financial | DirectGrowth 10 | $10,000+ | 6.25% |
| Revol One Financial | DirectGrowth 10 Enhanced Death Benefit | $10,000+ | 6.15% |
| Revol One Financial | DirectGrowth 10 Free Partial Surrender | $10,000+ | 6.15% |
| Heartland National | Secure Rate Pro 10 | $5,000+ | 6.15% |
| American Century Life | American Freedom Max Growth 10 | $5,000+ | 6.05% |
MYGA Rates vs Bank CD Rates
MYGAs in this comparison lead comparable bank CDs on 3-, 5-, and 7-year terms in the current cycle. In non-qualified accounts, tax deferral on MYGA earnings widens the gap versus annually taxed CD interest. See annuities vs CDs for the full tradeoff table, and the MYGA product guide for mechanics.
Expert Tip: Ask how they treated last year's renewals
I don't lock a MYGA on the mailer rate alone. I ask how the carrier treated in-force contracts at the last rate-cycle turn. A carrier that preserves competitive renewals matters if you plan to roll at maturity instead of taking a lump sum — the day-one yield is only the first chapter.
—Ryan Wood
Who MYGA Rates Are Not For
Skip a MYGA rate chase if you need more liquidity than the free-withdrawal amount before maturity, if you want index upside, or if you cannot evaluate carrier financial strength. If you need income starting within a year, a SPIA payout quote answers a different question than these yield tables.
Conclusion
Top MYGA rates are product-specific and time-sensitive. A captive agent shows one company's filing for your term. Local Life Agents shops the same guarantee period and premium across the carriers we can illustrate in your state, then shows surrender, free withdrawals, and renewal language next to the yield — so you lock the contract that fits, not the loudest number. Return to the annuity rates hub or the annuities hub for product context.
FAQ
